Hello fellow Mustachians!
Recently I decided to try a little fun side-gig. I bought some domain names (using promo codes, I got most of them for $1.99 on GoDaddy). I figured I'd see if I could make any money trying to pick trendy ones, and then selling them on the aftermarket. So far, I haven't sold one, but I have some more auctions coming up. I've tried several auction marketplaces: GoDaddy Auctions, Sedo.com, Bido.com, Afternic.com, etc. I'm focusing on Bido.com right now.
Have any of you ever done anything like this? Is it worth it? Also, I know that some people "flip" the domain name by buying it, building a website, driving traffic to it, and THEN selling it. Have any of you tried this as well? I have no coding experience or anything, but I can get around fairly well in Wordpress.
Just curious if this will make money, or simply be a lesson in what doesn't work :)